Chevron Corp. rode 2008’s historic spike in oil prices to a record $23.93 billion annual profit, despite the petroleum market’s collapse in the second half of the year.
Chevron’s profit report, released Friday, graphically illustrates just how high oil prices rose last summer and how far they fell as the economic crisis cut the world’s thirst [...]

BANDUNG (Bisnis.com): Total E & P Indonesie to contribute as much as Rp1 billion to the laboratory at the Bandung Institute of Technology (ITB). The company also provides scholarship, a master’s degree field of oil industry techniques to 25 students.
Events dedication cooperation program ITB-IFP (Institute Francaise du Petrol) Professional Masters in the field of oil [...]

By Edward Klump
Oct. 22 (Bloomberg) — ConocoPhillips, the third-largest U.S. oil company, posted a 41 percent profit increase after gains in energy prices made up for a drop in production. The company’s shares fell as New York oil futures tumbled.
Third-quarter net income climbed to $5.19 billion, or $3.39 a share, from $3.67 billion, or $2.23, [...]

Anchorage, Alaska – The oil price spike has brought the best of times and worst of times in Alaska.
In the state’s urban metropolis, a retail frenzy is under way as merchants compete for the extra $3,269 that landed on Sept. 12 in residents’ bank accounts. The money is from the normal annual dividend paid by [...]

TEHERAN - IRAN wants higher oil prices and seeks to create balance in the market between supply and demand, Oil Minister Gholamhossein Nozari said in remarks published on Saturday ahead of next week’s Opec meeting.
The Organisation of the Petroleum Exporting Countries (Opec) meets in Vienna on Friday after oil prices tumbled to half their July [...]

By Margot Habiby
Oct. 6 (Bloomberg) — Crude oil fell for a fourth day as the credit crisis deepened in Europe, adding to concern that global economic growth will slow and reduce demand for fuels.
Oil dipped as low as $88.89 a barrel after European leaders pledged to bail out troubled banks and protect depositors. OPEC [...]

Country avoids oil shock through geothermal energy
ORMOC, PHILIPPINES — Ferdinand Marcos, the despot who ruled here for 21 years, is remembered mainly for the staggering quantity of his wife’s shoes.
But there is another Marcos legacy, and it is drawing new attention at a time of high oil prices, global warming and urgent questions about the [...]